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Deferred Compensation Program

The City of Portland 457 Deferred Compensation Plan is a voluntary plan available to eligible City of Portland employees. The purpose of the plan is to help employees save for retirement on a tax-deferred basis. Deferred Compensation is allowed and regulated under Internal Revenue Code Section 457 for public employees.

The Deferred Compensation Plan Administrator, located in the Bureau of Human Resources, is responsible for the day to day administration of the Plan.